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Chains of Finance
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Chains of Finance: How Investment Management is Shaped

Diane-Laure Arjaliès, Philip Grant, Iain Hardie, Donald MacKenzie, and Ekaterina Svetlova

Abstract

Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a ‘chain’: an often extended sequence of intermediaries. What goes on in that chain is of huge importance: the world’s investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output. In Chains of Finance, five social scientists (four of whom have worked in investment management) discuss the ways in which the intermediaries in the chain influence each other, channe ... More

Keywords: finance, investment chain, asset management, financial intermediaries, financial markets

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780198802945
Published to Oxford Scholarship Online: July 2017 DOI:10.1093/oso/9780198802945.001.0001

Authors

Affiliations are at time of print publication.

Diane-Laure Arjaliès, author
Assistant Professor, Ivey Business School, Western University

Philip Grant, author
Research Fellow in the Social Studies of Finance, School of Social and Political Science, University of Edinburgh

Iain Hardie, author
Senior Lecturer in International Relations, University of Edinburgh

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